About Gems Forex
Gems Forex is a company based in Mumbai (India) founded in 2016. It operates as a B2C. Gems Forex operates in a competitive market with competitors including Wise, TransferGo, Remessa Online, CurrencyFair and Intermex, among others.
- Headquarter Mumbai, India
- SectorsFinancial Services
- Website gemsforex.com
- Legal Name Gems Forex Private Limited
- Date of Incorporation 15 Jul, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹56.81 Cr
FY 2025 · -32% YoY
- Net Profit₹7 Lakh
FY 2025 · 0% margin
- EBITDA₹20.9 Lakh
FY 2025 · 0% margin
Associated legal entities of Gems Forex
Gems Forex operates through Gems Forex Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gems Forex Private Limited CIN U74999MH2016PTC283683 | Active | 15 Jul 2016 | Mumbai, Maharashtra | ₹56.8 Cr | – | 2 | View details |
Board of directors of Gems Forex Private Limited (Gems Forex)
Gems Forex Private Limited is the primary company behind Gems Forex. The board of Gems Forex Private Limited currently have 2 directors; the longest-serving is Sangita Arvind Parekh, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sangita Arvind Parekh DIN 07514420 | Director | 15 Jul 2016 | 10 yrs 2 mo | Gems Forex Private Limited |
| Vansh Arvind Parekh DIN 10262778 | Director | 19 May 2025 | 1 yr 4 mo | Gems Forex Private Limited |
Financials of Gems Forex
Figures of Gems Forex Private Limited, the primary company behind Gems Forex, for FY 2025. Revenue was ₹56.81 Cr (-32% year on year). Net profit was ₹7 Lakh (0% margin). EBITDA was ₹20.9 Lakh (0% margin). Revenue has grown at a compounded annual rate of -28% over three years and -28% over five years.
- ₹56.81 CrRevenue · FY 2025 · -32% YoY
- ₹7 LakhNet profit · 0% margin
- ₹20.9 LakhEBITDA · 0% margin
- ₹27 LakhPaid-up capital
- -28%Revenue CAGR, 3 years
- -28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gems Forex Private Limited are on its company page.
Detailed financial statements for Gems Forex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of Gems Forex
Gems Forex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, TransferGo, Remessa Online, CurrencyFair and Intermex, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wise.com | 2011 | Shoreditch, United Kingdom | $1.03B | 5,499 | Cross-border remittances are enabled for individuals and businesses via apps. | |
| transfergo.com | 2012 | London, United Kingdom | $109.2M | – | Cross-border remittances are enabled for consumers and businesses. | |
| remessaonline.com.br | 2016 | Sao Paulo, Brazil | $21.53M | – | International payments are enabled online for consumers and businesses. | |
| currencyfair.com | 2010 | Dublin, Ireland | $23.06M | – | Cross-border money transfers are enabled through CurrencyFair's platform. | |
| intermexonline.com | 1994 | Miami, United States | – | – | Cross-border remittances are enabled for individuals and businesses. | |
| westernunion.com | 1851 | Denver, United States | – | 196 | Provider of remittance services | |
| 2c2p.com | 2003 | Singapore | $85M | – | Payment processing solutions for businesses | |
| sentbe.com | 2015 | Seoul, South Korea | $1.66M | – | Cross-border remittance solution | |
| currenciesdirect.com | 1996 | London, United Kingdom | $184.28M | 108 | Cross-border remittances are enabled online for individuals and businesses. |
Detailed competitors of Gems Forex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Similar companies to Gems Forex
10 companies that operate in the same segment as Gems Forex (Currency Exchange Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Foreign exchange services are provided to facilitate international money access. | 1976 | London, England, United Kingdom | – | – | – | |
Forex market settlement, processing, and data solutions are provided globally. | 1997 | London, England, United Kingdom | – | – | – | |
Currency management services are provided by Argentex globally. | 2011 | London, England, United Kingdom | – | USD 50.71 M | 86 | |
Provider of foreign exchange expertise and execution for middle market companies | 2002 | South Jordan, Utah, United States | – | – | 114 | |
Currency exchange services for clients are provided by CXI internationally. | 1998 | Lynnwood, Washington, United States | – | USD 72.32 M | 390 | |
Precious metal bullion, coins, and storage products are retailed online. | 2004 | – | USD 70 M | – | – | |
Functions as an online platform for buying and selling cryptocurrencies like Beam and Grin. | 2020 | Delhi, Delhi, India | – | – | – | |
Olympia Trust Company is engaged in providing trust and financial services to Canadian investors. | 1996 | Calgary, Alberta, Canada | – | – | – | |
Cross-border money transfers and currency exchange services are offered. | 1996 | Petaling Jaya, Selangor, Malaysia | – | USD 47.36 M | – | |
Provider of currency exchange services | 2003 | London, England, United Kingdom | – | – | – |
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Frequently Asked Questions about Gems Forex
Gems Forex was founded in 2016.
Gems Forex is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Gems Forex, Gems Forex Private Limited, reported revenue of ₹56.81 Cr for FY 2025, down 32% year on year.
Gems Forex operates as a reliable foreign exchange service provider for clients through finance, offering financial products and advice, foreign exchange, and trading services. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Gems Forex's top competitors include Wise, TransferGo and Remessa Online.
Gems Forex operates through Gems Forex Private Limited.
The legal entities of Gems Forex currently have 2 directors, including Sangita Arvind Parekh, Vansh Arvind Parekh.